New Production Growth Fund to encourage producers to base major projects in Scotland.
A new £1.75m Production Growth Fund will give Film and TV producers a new incentive to base their productions in Scotland.
Announced today by Culture Secretary Fiona Hyslop, the fund is designed to stimulate growth in film and TV production by providing an additional incentive for major international productions to come to Scotland, as well as increasing funding available for Scottish productions. This will give Scotland a competitive edge in addition to its already internationally renowned crews, talent and locations.
The funding will enhance Scotland’s ability to compete for higher value production work, support industry growth, generate significant economic benefits and create new, high quality training and employment opportunities.
Awards from the Production Growth Fund will be made based on spend in Scotland, opportunities provided to Scottish based crew and facilities and co-production opportunities for Scottish based production companies.
Sourced from existing Scottish Government and Creative Scotland budgets, the Production Growth Fund will run over two years. This is the latest in a series of measures taken by the Scottish Government and its agencies to grow the Scottish screen sector, for which public support has increased by almost £8 million to £24.1 million since 2007.
The new Production Growth Fund follows the introduction earlier this year of a £2 million Tax Credit Advance Facility, and a £1 million Screen Skills Fund to provide training and skills development opportunities for people already involved in the sector or considering a career in screen.
Speaking ahead of a Scottish Parliament debate, at which she will reiterate the Scottish Government’s support for the creative industries in Scotland, Culture Secretary Fiona Hyslop said:
“The Scottish Government and its agencies are firmly committed to supporting screen sector growth and promoting Scotland as a premier and competitive location to produce great films and TV shows.
“We are genuinely working very hard to make this happen – as underlined by the increase in public funding allocated to support screen since 2007, during a period of tough budgets.
“Scotland’s screen sector has the talent and skills to deliver world-class films and attract major productions, as we have seen with World War Z, Skyfall, Under the Skin, Outlander and the much anticipated Macbeth.
“But we know that if we are to deliver on our ambitions, we need to deliver more for the sector. That is why we are working with our partners to deliver increased incentives for film and TV.
“The Production Growth Fund I am announcing today will help to attract new inward investment, further support home grown productions and will boost Scotland’s economy as well as our international reputation.”